In a recent announcement, ZKsync has revealed plans to deprecate ZKsync Lite, Ethereum’s first zero-knowledge rollup, by 2026. This innovative network, launched in June 2020 by Matter Labs, originally pioneered the way for zk-rollups within the Ethereum ecosystem. However, as the blockchain landscape evolves, it has become clear that this proof-of-concept is ready for retirement.
ZKsync Lite provided essential functions for users, such as token transfers, atomic swaps, and NFT minting. Yet, it fell short in offering smart contract capabilities, which limited its utility within the broader ecosystem. Despite its groundbreaking nature, the network often felt like a stepping stone towards more advanced solutions.
The inception of ZKsync Lite marked a significant achievement in the zero-knowledge rollup narrative, acting as a vital testing ground for validating critical ideas necessary for building robust zk systems. It was one of the first to use validity proofs, enabling instant confirmation of transaction validity before batching and sending to Ethereum for ultimate validation.
However, the pace of innovation has pushed Matter Labs to cease active development on ZKsync Lite as of March 2023, in conjunction with the launch of ZKsync Era. This full-featured zkEVM introduces smart contract support, enriching user experience and expanding the use cases within the decentralized finance sector.
Current Network Status
According to data from L2BEAT, approximately $50 million in user funds are still bridged to ZKsync Lite. However, the network has experienced a substantial decline in operations, with fewer than 200 daily transactions being processed. In stark contrast, ZKsync Era currently holds around $36.4 million locked in various decentralized finance protocols and boasts over 22,000 daily user operations.
ZKsync has reassured its users that no immediate actions are necessary on their part. User funds remain secure, and withdrawals to Ethereum will continue functioning properly throughout the deprecation process. “Funds remain safe, and withdrawals to L1 will keep working,” stated the ZKsync team, with plans to provide further details and migration guidance in the forthcoming year.
Future Prospects and Other ZKsync Products
The deprecation of ZKsync Lite will not affect the ongoing developments of other products within the ZKsync ecosystem. The focus will shift towards leveraging systems built with the ZK Stack and the broader ZKsync network developments.
Interestingly, the announcement comes at a time of challenges for ZKsync, as it recently concluded its Ignite liquidity rewards program amidst unfavorable market conditions. Moreover, the Aave DAO is deliberating the potential removal of its deployment on ZKsync Era due to low revenue generation.
Last month, ZKsync co-creator Alex Gluchowski proposed a significant modification to the ZK governance token that would align it more closely with network fees, prioritizing economic utility amid the evolving crypto landscape.
As 2026 approaches, the retirement of ZKsync Lite reflects the dynamic nature of blockchain technology, emphasizing the continual advancements and adaptations necessary to meet the demands of users and investors in the crypto space.
